UPI News Update

Jan. 16, 2002 at 9:24 AM
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Report: al Qaida financier surrenders

WASHINGTON, Jan. 16 (UPI) -- A leading financier of the al Qaida terrorist network has turned himself in at the airport in Kandahar. CNN, quoting U.S. military sources, reported early Wednesday that the as yet unnamed financier "literally showed up at the front gate ... and is now in custody." The financier's surrender came not long after American troops captured seven more prisoners. Military officials said it was not clear if the prisoners were from al Qaida or the Taliban, but they were captured in eastern Afghanistan, where defense officials believe al Qaida members are still at large.

Philippines: U.S. troops only advising

SINGAPORE, Jan. 16 (UPI) -- Philippine President Gloria Arroyo said Wednesday the hundreds of U.S. forces participating in training exercises in the southern Philippines are acting in an advisory capacity and will not go into combat against the Abu Sayyaf guerrillas. The joint military exercise started Tuesday in Zamboanga City and Basilan. About 660 American troops will participate, though only about 160 will be involved in the actual training in Basilan and parts of Zamboanga, government officials have said. The New York Times reported Wednesday that although the American forces are expected to be involved initially in assisting and training Philippine troops, they also will accompany them on patrol in rebel areas, will be armed and will be authorized to fire in self-defense.

Powell begins his peace mission

ISLAMABAD, Pakistan, Jan. 16 (UPI) -- U.S. Secretary of State Colin Powell arrived in Pakistan Wednesday on the first leg of a South Asian peace-making tour aimed at defusing tensions between nuclear rivals India and Pakistan. He is expected to urge the leaders of both the nations to resolve their differences through talks. However, the situation had already shown some signs of improvement after the Jan. 12 speech of Pakistani President Pervez Musharraf, who disbanded five militant groups, including the two blamed by India for attacking its Parliament. Powell said the purpose of his trip was to bring the India-Pakistan escalation to a complete halt and then to encourage them to normalize relations.

Israeli says Sadat not under arrest

TEL AVIV, Israel, Jan. 16 (UPI) -- An Israeli security source Wednesday denied Palestinian Authority claims it had detained Ahmad Sadat, secretary-general of the Popular Front for the Liberation of Palestine. The PA said on Tuesday it had detained Sadat, which set off a demonstration in Ramallah with protesters demanding his release. An Israeli security source, who spoke on condition of anonymity insisted, "The man is not under arrest. There are no intelligence indications the man was detained. The indications are that he is free," the source said.

One dead, many injured in plane accident

JAKARTA, Indonesia, Jan. 16 (UPI) -- One person died and 21 other people were injured Wednesday during an emergency landing by a Boeing 737-400 airplane with 60 people aboard, police and hospital authorities said. The plane, belonging to the national carrier Garuda Indonesia, was en route to the central Java city of Yogyakarta from Mataram, the capital of West Nusa Tenggara on Lombok Island, when it made an emergency landing on the river in Juwiring village of Klaten district, police said. The accident took place at about 4:25 p.m., about 15 minutes before the flight was scheduled to land in Yogyakarta's Adisucipto International Airport. The plane had 51 passengers and a crew of nine aboard.

Earnings fall at Intel

SANTA CLARA, Calif., Jan. 16 (UPI) -- Intel Corp. said after the stock market closed Tuesday its fourth quarter net income fell 77 percent, knocked down by an extended drop in demand for personal computers. But, despite the decline, the net income from the chipmaker topped Wall Street's forecasts. Intel said its fourth quarter net income excluding acquisition-related items, fell 62 percent to $998 million, or 15 cents a share, from a year-ago net income excluding acquisition-related costs of $2.63 billion, or 38 cents a share. Sales fell 20 percent to $6.98 billion from $8.7 billion a year earlier.

Stocks decline for sixth day in Tokyo

TOKYO, Jan. 16 (UPI) -- Stock prices on the Tokyo Stock Exchange ended lower for the sixth straight session Wednesday as high-tech stocks were dragged down by news of a larger-than-expected cut to Intel Corp.'s capital spending for 2002. Stocks also lost ground in Hong Kong, Seoul, South Korea and Taipei, Taiwan but posted modest gains in Sydney, Australia. Japan's blue-chip Nikkei Stock Average of 225 selective issues, which dropped 233.54 points Tuesday, slipped another 30.47 points, or 0.30 percent, to 10,177.58 -- marking the first time since December 2000 the key index declined for six straight sessions. The broader Topix index rose 7.29 points, or 0.70 percent, to 987.61.

More upsets in Australian Open

MELBOURNE, Australia, Jan. 16 (UPI) -- The upsets continued in the Australian Open Wednesday as Russia's Yevgeny Kafelnikov and France's Sebastien Grosjean became the latest high seeds to lose. Kafelnikov, the fourth seed, was stunned by American qualifier Alex Kim, 6-3, 7-5, 6-3, in one hour, 42 minutes after the fifth-seeded Grosjean succumbed to Francisco Clavet of Spain,6-4, 3-6, 6-0, 5-7, 6-4. The pair joined top three seeds Lleyton Hewitt, Gustavo Kuerten and Andre Agassi on the sidelines. Hewitt and Kuerten lost in the first round and Agassi, the two-time defending champion, withdrew Monday with a wrist injury. The top five seeds have lost in the first two rounds for the first time at a Grand Slam event.

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